The Board of Directors of India's first integrated multi-national highway infrastructure developer, IRB Infrastructure Developers Limited has today approved the split/sub-division of existing share with face value of 10/- per share in 0 shares with face value of 1 per share. The stock has gone through a wonderful journey from around 55 to 290 levels in three years, giving a return of 450 per cent in this time horizon. The company will now initiate for shareholders' approval and regulatory nods. The company said that it is done with the aim to enhance the liquidity in the capital market, to widen shareholder base. and to make the shares more affordable to small investors. The record date will be announced later, however it will be completed by 28 February, 2023.
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This story is from the January 2023 edition of Indian Economy & Market.
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This story is from the January 2023 edition of Indian Economy & Market.
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